108 Amount and application of insurance money
Law of Property Act 1925 (1925 c 20) | Legislation

108  Amount and application of insurance money

(1)     The amount of an insurance effected by a mortgagee against loss or damage by fire under the power in that behalf conferred by this Act shall not exceed the amount specified in the mortgage deed, or, if no amount is therein specified two third parts of the amount that would be required, in case of total destruction, to restore the property insured.

(2)     An insurance shall not, under the power

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